Russian online retailer Ozon said on Tuesday it had filed for an initial public offering of its American Depositary Shares (ADSs) with U.S. regulators, Reuters reported.
The e-commerce firm intends to list the depositary shares the on the Nasdaq Global Select Market. The proposed maximum size of the offering is $100 million, according to the company’s prospectus submitted to the U.S. Securities and Exchange Commission.
Renaissance Capital estimated that the deal could raise up to $500 million. No pricing terms were disclosed by Ozon.
